Development economists often differ, but they agree on this: the knowledge economy will be the foundation of countries’ progress in the twenty-first century. So far, Africa has not made much progress in building such an economy; but it is not too late.
2016-08-17
Visit aimed at deepening economic ties and soothing tensions built up under previous government
2016-08-17
CEL Global Investment Fund L.P., a private equity fund sponsored and managed by China Everbright Ltd. (CEL), has reached first closing with total capital commitment of approximately US$264 million, says a company announcement. The fund will primarily invest in companies in North America and Europe with strong growth in China, or those making products with […]
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2016-08-17
Surface-to-ship weapon would require Beijing to initiate conflict before landing on disputed islands
2016-08-17
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a US$40 million investment in Chinese animal feed company Anyou Biotechnology Group Co., Ltd., according to a disclosure document. IFC plans to provide long-term RMB loans of up to US$40 million to help Anyou expand operations. The investment is still pending […]
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2016-08-17
A total of 52 Chinese education start-ups has received series B or later funding rounds as of August, a record high for the sector and an indication of investor optimism for the industry, according to Chinese media reports without saying how much was raised in aggregate. Some notable major financing rounds include online education platform […]
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2016-08-17
Chinese conglomerate Macrolink Group has agreed to invest US$50 million in the smart car unit of LeEco, the companies announced in a signing ceremony yesterday in Beijing. LeEco's smart car unit unveiled an all-electric battery concept car LeSEE in April, after announcing investment in Faraday Future and Aston Martin earlier. In May and June, it […]
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2016-08-17
Didi Chuxing has received an undisclosed amount of strategic investment from China Post Group Corporation, two weeks after China's largest ride sharing company agreed to acquire all assets of key rival Uber China. As a strategic investor, China Post will integrate its own resources and operation to cooperate with Didi Chuxing to provide better and […]
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2016-08-17
Baidu Inc. and Ford Motor Company have invested a combined US$150 million in Velodyne LiDAR, Inc., a supplier of technology that lets self-driving cars see and avoid what’s around them. "Baidu is developing autonomous vehicles with the intention to increase passenger safety and reduce traffic congestion and pollution in China," says Jing Wang, senior vice […]
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2016-08-17
A Chinese consortium including Qihoo 360 Technology Co., online-game company Beijing Kunlun Tech Co. and private equity firm Golden Brick Silk Road Fund Management (Shenzhen) LLP has agreed to a revised deal to acquire part of Opera Software ASA after a broader takeover failed to secure regulatory approval. The new transaction excludes Opera's video-compression and […]
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2016-08-17
Lei Jun, founder and CEO of Xiaomi Inc, believes that rural Internet and enterprise services market are where future opportunities lie for Chinese start-ups, the co-founder of Shunwei Capital wrote in a recent article. Lei Jun believes that the market opportunity for rural Internet concepts will be larger than anything seen in the past, as […]
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2016-08-17
China's leading roast duck restaurant Quanjude is bringing its unique waterfowl taste to more diners around the world. The company recently published its semi-annual report for 2016 and said it opened four new owned restaurants…
2016-08-17
Whether deep in a forest or high in the mountains, just about any point in China is accessible my mobile …